24/7 Wall Street created a weighted index of over two dozen measures to identify the best city to live in each state. The cities seemed to have much in common beyond the index components upon which they were ranked. They were often within commuting distance of a major metropolitan area, since the close proximity to a major city provided residents with access to more job opportunities, which in turn can help lower unemployment and improve financial security. They also looked at quality of life factors including close relationships and personal health (the most important) to the local community and environmental impact.
Here’s what USA Today had to say about Palos Verdes Estates: “Located along the Pacific Coast less than 30 miles from Los Angeles, Palos Verdes Estates is the best place in California to live. One of the wealthiest neighborhoods in the country, the typical household earns over $200,000 a year, more than triple the national median household income of $55,322. Crime is virtually unheard of in Palos Verdes Estates as its violent crime rate of 22 incidents per 100,000 people is a small fraction of the national rate of 383 per 100,000. The high ranking may not come as a surprise to those familiar with it, as it is a master-planned city, designed by the Olmsted Brothers, sons of Frederick Law Olmsted – architect of New York City’s Central Park and the Stanford University campus.”
To read more about America’s 50 best cities to live in click here.
Originally posted to Elaine Carlson's real estate blog PalosVerdesSource.com.
Photo courtesy of USA Today.